Bank of Japan to buy long-term bonds up to 10 times in June

Source: Reuters

The Bank of Japan has announced that it intends to buy long-term Japanese government bonds (JGBs) 8-10 times in June. JGBs have been very volatile recently, and this may be an effort to smooth out the markets.

May saw the Bank of Japan purchase long-term JGBs eight times. The yen is up against the dollar on the news: